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DOLLAR GENERAL | GEORGETOWN, TEXAS

Purchase Price
$1,968,367
Location
30712 Chi Chi Dr
Cap Rate
6.00%
Annual Rent
$118,102.20
Building Size
9,610 SF
Land Area
1.95 Acres
Ownership
Fee Simple
Lease Type
NNN
Term Remainning
10 Years
LEASE EXPIRATION
8/31/2035
Renewal Options
Three (3) - Five (5) Year
RENT INCREASES
10% at Options
Parking
31 Spaces
Year Built
2020
APN
R459636
Traffic Counts
40,401 VPD

INVESTMENT HIGHLIGHTS

 

DOLLAR GENERAL CORPORATE GUARANTEED LEASE:

  • 10 Years of Guaranteed Lease Term (Lease Exp: August 2035)
  • 2020 Build-to-Suit Construction
  • 9,610 SF Building on 1.95 Acre Parcel
  • Three (3) - Five (5) Year Option Periods with 10% Rental Increases
 

ABSOLUTE NNN LEASE | A TRUE COUPON CLIPPER:

  • Absolute NNN Lease with ZERO Management Responsibilities
  • Tenant Pays for ALL Operating Expenses and Insurance
  • Tenant Reimburses Property Taxes in Full
 

HIGHLY UPGRADED CONSTRUCTION:

  • Four-Sided Upgraded Construction - Split-Face CMU & Hardiplank
 

GEORGETOWN, TEXAS:

  • Georgetown is the Fastest-Growing City in the U.S. Among Cities with 50,000+ Residents, According to U.S. Census Data
 

PROXIMITY FROM GEORGETOWN, TEXAS:

  • Austin, TX | 28 Miles
  • San Antonio, TX | 106 Miles
  • Dallas, TX | 168 Miles
  • Houston, TX | 176 Miles
 

EXPLOSIVE POPULATION GROWTH:

  • 1-Mile: 6.25% Annually (31.25% Projected Growth Over the Next 5 Years)
  • 3-Mile: 2.60% Annually (13.00% Projected Growth Over the Next 5 Years)
  • 5-Mile: 1.70% Annually (8.50% Projected Growth Over the Next 5 Years)
  • 7-Mile: 2.57% Annually (12.85% Projected Growth Over the Next 5 Years)
  • 10-Mile: 4.20% Annually (21.00% Projected Growth Over the Next 5 Years)
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile: 2,193 Residents | $179,577 Average Household Income
  • 3-Mile: 14,234 Residents | $157,780 Average Household Income
  • 5-Mile: 51,442 Residents | $137,952 Average Household Income
  • 7-Mile: 89,925 Residents | $145,467 Average Household Income
  • 10-Mile: 157,097 Residents | $152,294 Average Household Income
 

TENANT:

  • Dollar General Corporation (NYSE: "DG")
  • Strong Investment Grade Credit Rating of "BBB" by Standard & Poor's
  • Ranked #111 on the Fortune 500 List

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